The ability of macroeconomists to predict the future course of economic events:
A)is no better than the meteorologist's ability to predict the next month's weather.
B)is much better than the meteorologist's ability to predict the next month's
C)weather. has gotten worse over time.
D)is less precise than it was in the 1920s.

Question

Quizplus · Accepted Answer

Macroeconomists' ability to predict the future course of economic events is often compared to a meteorologist's ability to predict the weather. Both involve complex systems with numerous variables that can change quickly and unexpectedly, making accurate predictions difficult. Additionally, the economy is affected by unpredictable events such as natural disasters, geopolitical tensions, and pandemics that can disrupt any forecast. Therefore, the ability of macroeconomists to predict the future course of economic events is no better than the meteorologist's ability to predict the next month's weather.

The Ability of Macroeconomists to Predict the Future Course of Economic